Bear Market & read.cash
25-06-2022
Last couple of months especially after 12th of April the Crypto market went to bearish and this time gone more worst when lot of projects collapsed like Terra Luna and USDC. Some are tumbling like coinflex and Fun which discouraged people to keep moving with Crypto.
This market situation effects lot of things. Investors remove their principal investment from market and big players waving the clutch from one coin to other. Although couple of days gone little bit greenish but everyone knows it is temporary pump. In all this scenario BCH not cones up even a single day and continuously going under pressure when people only selling their BCH to fiat.
Above chart showing BCH daily downfall to 112$ in no time from $400+. We know that bear market will no longer last but till today it is melting our portfolio.
Bearish market & read.cash
Both dot cash sites paying to author's blogging in BCH. When market in dip then definitely it will effect on earnings too. Instead to write more in this dip to maximize accomulation, writers flew away and reduce their visibility by looking at Portfolio which moving in turtle speed.
Post's frequency:
The average posts on plateform has been reduced significantly. The article & short post stats showing true picture that visible decline in posting can seen. The main reason is users reduce tipping support as well as from RR ( Random rewarder).
Wallet balance Reduced.
Another impact of bear market that earnings reduced and wallet balance going down day by day. All the tips are in BCH which has conversion into USD at lowest change. The exchange of BCH into fiat also not stopped and users sending BCH to exchange which should be on HOLD in this time.
Comments & upvotes.
If we analyse the current posts we will see another decline in average comments and upvotes/ post. It means the engagement of users & time on site reducing frequently. The interest of users changing and they are searching other plateforms for social activity and alternative income like hive , blurt and nextera. The time consumption to other sites reducing availability here on read cash.
Conclusion:
It is time of patience, accomulation and building the account strength by quality engagement. To show our loyalty to this platform and BCH we should hold tight out wallet till golden days.
Panic and stress is never solution to fight against such situation. Keep calm , keep moving and has long term goals in mind which at least gives some fruit to our next generation.
Thanks for reading my thoughts about current situation. Like , upvote and comment to know your opinion.
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Lead image: photo is mine and Edited on polish app.
I saw this also even on the Noisecash too i feel people less active there too. Like they're losing hope that crypto one day Will high. We should have consistency and faith everything will be fine.